Obeikan Glass gets SAR 50M credit facilities from Al Rajhi Bank

06/06/2024 Argaam
Logo ofObeikan Glass Co.

Logo of Obeikan Glass Co.

Obeikan Glass Co. obtained Shariah-compliant credit facilities worth SAR 50 million from Al Rajhi Bank.

 

The one-year facilities are fully guaranteed by a promissory note, the company said in a statement to Tadawul.

 

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The loan will be used to finance the company’s working capital, Obeikan added, noting that no related parties are included.

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